Forex Strategies: How To Use Trailing Stops πŸ‘

Forex Trading Strategies
Trailing Stops in Forex: How To Use Trailing Stops. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! How to Effectively Use a Trailing Stop in Forex Trading. How do we trail a stop loss in our direction to protect any gains we have made? How do we lock trades? Here are some ideas of how to use a trailing stop in forex trading. If we tighten things too much we’re going to get stopped out on the first bit of noise, if you have it too wide you’re going to sacrifice too much profits. The first thing we can do is to have a fixed tick value; i.e. as soon as a market moves 50 pips in our favour we run a 50 pip trailing stop. You can also use a hyprid; like for the first part of the trade which is the most risky part you can use say, a 50 pip trailing stop. When you have 200 pips in unrealised profits you could increase the trailing stop to say 100 pips

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